Solaris Resources Inc. (TSE:SLS - Get Free Report) shares dropped 2.3% on Thursday . The stock traded as low as C$6.00 and last traded at C$6.04. Approximately 104,895 shares changed hands during trading, a decline of 61% from the average daily volume of 267,389 shares. The stock had previously closed at C$6.18.
Wall Street Analysts Forecast Growth
Separately, National Bankshares boosted their price objective on shares of Solaris Resources from C$10.00 to C$10.50 and gave the company an "outperform" rating in a research note on Wednesday, April 2nd.
View Our Latest Report on SLS
Solaris Resources Stock Up 4.0%
The company has a quick ratio of 1.29, a current ratio of 4.62 and a debt-to-equity ratio of 712.38. The company has a market cap of C$720.40 million, a PE ratio of -10.94 and a beta of 1.90. The stock has a 50-day moving average of C$5.51 and a 200-day moving average of C$5.06.
About Solaris Resources
(
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Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to $130M spending 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and leverage to increasing copper prices through the 60% interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.
Further Reading
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